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EDIT.
Just looked it up. Player option this year. Mutual option in 2012 but the Cubs can buy him out for around $2 million in 2012.
Just looked it up. Player option this year. Mutual option in 2012 but the Cubs can buy him out for around $2 million in 2012.
Chicago Cubs third baseman Aramis Ramirez informed the team on Wednesday that he has declined the option in his contract to become a free agent and will return to the Cubs in 2011.
Ramirez, who will be playing in the final year of a five-year, $75 million contract, had to inform the Cubs within five days of the end of the World Series whether he would become a free agent.
If Ramirez, 32, would have accepted the option to become a free agent, it would have voided his $14.6 million contract for 2011. The Cubs hold an option on Ramirez in 2012 for $15 million. The Cubs must pay Ramirez a $2 million buyout if they do not pick up that option.
Plagued by a slow start and injuries, Ramirez batted .241 with 25 home runs and 83 RBIs last season.
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